JPMorgan Chase has cut off financing for the fund managed by AI stock guru Leopold.
2026.09.13 21:19:34
JPMorgan Chase has cut off financing for Situational Awareness, the hedge fund owned by self-proclaimed "AI Stock Guru" Leopold. According to insiders, JPMorgan—one of the fund’s primary short-selling and financing providers—notified the fund to terminate its lending relationship after the fund disclosed losses. Neither party has commented on the matter. Not all Wall Street banks have pulled back from Situational Awareness: Goldman Sachs, Citigroup, and Bank of America still offer brokerage services for the fund, and Situational Awareness recently added boutique broker Clear Street to its roster. Following the fund’s margin call incident, Leopold admitted to investors that the fund was near "unacceptable permanent principal impairment," adding that it would reduce leverage and maintain long positions in AI fundamentals. Over the past two weeks, the fund has resumed buying call options for stocks including AMD, Bloom Energy, CoreWeave, SK Hynix, and SanDisk, as it seeks to rebound in the market.
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